GBPUSD H4 | Bearish reversal
Title
GBPUSD H4 | Bearish reversal
Type
Bearish Reversal
Preference:
Price is rising toward the pivot of 1.2963,a pullback resistance close to 78.6% Fibo retracment and 78.6% Fibo projection. A reverse from this level could lead the price to fall to 1st support at 1.2886. a pullback support.
Alternative scenario:
If price breaks above the pivot, it could rise to 1st resistance at 1.3032, a swing high resistance
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